StockNews.com Downgrades LG Display (NYSE:LPL) to Hold

StockNews.com downgraded shares of LG Display (NYSE:LPL) from a buy rating to a hold rating in a research note published on Tuesday.

A number of other brokerages have also issued reports on LPL. Citigroup lowered LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th. Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. downgraded LG Display from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 23rd.

LG Display Stock Performance

Shares of LG Display stock opened at $3.25 on Tuesday. The firm’s 50 day simple moving average is $3.36 and its two-hundred day simple moving average is $3.82. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of -1.86 and a beta of 1.33. LG Display has a 12-month low of $3.05 and a 12-month high of $5.66. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 1.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake in shares of LG Display by 20.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 16,411 shares of the electronics maker’s stock valued at $67,000 after buying an additional 2,819 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in LG Display by 3.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 86,826 shares of the electronics maker’s stock valued at $351,000 after acquiring an additional 3,172 shares in the last quarter. Inspire Advisors LLC raised its position in LG Display by 11.6% during the second quarter. Inspire Advisors LLC now owns 36,903 shares of the electronics maker’s stock valued at $152,000 after acquiring an additional 3,825 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in LG Display by 34.5% in the third quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker’s stock valued at $88,000 after acquiring an additional 5,588 shares during the period. Finally, State Street Corp boosted its position in LG Display by 1.2% in the 3rd quarter. State Street Corp now owns 628,299 shares of the electronics maker’s stock worth $2,545,000 after purchasing an additional 7,412 shares in the last quarter.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.